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reversed mortgage

Posted on: 05th Jan, 2010 02:15 pm
My husband received a lumpsum with a reversed mortgage. He is 65, I
am 55. Since I did not qualify for such a mortgage (my age) I had to be taken of the deed. Do I have any legal rights to the property (homestead) in the state of Florida, simply because I am married to my husband?
(My name is not on the mortgage and not on the deed anymore)
Hi annie!

Welcome to forums!

Florida is not a community property state. As your name is not on the property deed, you will not be able to claim any ownership of that property. However, you can ask your husband to draft a will and declare you as the beneficiary of the property. Thus, after his death, you'll be able to claim ownership of the property.

Feel free to ask if you've further queries.

Sussane
Posted on: 05th Jan, 2010 07:20 pm
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